Nordea Eiendomskreditt considers five-year covered green bonds

By Mary-Katherine Stinson

Lexington, Ky., Nov. 14 – Nordea Eiendomskreditt AS has mandated bookrunners to explore the issuance of a Norwegian krone-denominated five-year green floating-rate covered bond with an expected benchmark size, subject to market conditions, according to a notice.

Danske Bank, DNB, Nordea and SEB are the bookrunners.

The green covered bond is expected to be rated Aaa by Moody’s Investors Service.

Nordea´s green funding framework, ISS ESG second-party opinion and green covered bond presentation can be found at https://www.nordea.com/en/ investors/debt-and-rating/green-bonds.

The commercial property financier and unit of Nordea Bank is based in Oslo.

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